Highlights

  • The company received a buy rating from IMG FM, accompanied by a target price of GBX 5,300.
  • RELX has completed its 2025 share buyback programme totalling GBP 1.5 billion.
  • A new non-discretionary share repurchase programme valued at GBP 250 million is scheduled to run from January to early February 2026.

RELX PLC (LSE:REL) has received a buy rating from IMG FM, which has set a target price of GBX 5,300 for the company’s shares. The rating comes as RELX reports continued revenue growth, concludes its 2025 buyback activity and prepares for an additional repurchase programme at the start of 2026.

RELX continues to operate across more than 180 countries, supported by a global workforce of over 36,000 employees and listings on exchanges in London, Amsterdam and New York.

Completion of 2025 Share Buyback Programme

RELX confirmed the conclusion of its 2025 share buyback programme, through which the company repurchased 39.5 million shares at a total cost of GBP 1.5 billion. These purchases followed the authority granted at the April 2025 Annual General Meeting, which set the limit at 164.1 million shares for the year when combined with any shares repurchased afterwards.

As with prior years, RELX announced that the intention of the activity is to reduce the company’s capital, with purchased ordinary shares held in treasury. The initiative is conducted under UK and EU Market Abuse Regulations to ensure full compliance and transparency.

New Non-Discretionary Share Repurchase Programme

Looking ahead, RELX will launch a new non-discretionary share repurchase programme beginning 2 January 2026. The GBP 250 million programme is set to run until 6 February 2026, ending shortly before the release of the company’s 2025 results.

Under this structure, RELX has appointed UBS AG London Branch to manage the repurchases. UBS will operate independently under irrevocable instructions, acquiring ordinary shares for later repurchase by the company. The programme will adhere to pre-set parameters and remain within the limits authorised by shareholders in April 2025.

Trading Update and Operational Progress

RELX reported continued underlying revenue growth of 7% for the first nine months of 2025. The company stated that year-to-date performance supports its view of ongoing progress heading into the final quarter. It maintains that full-year expectations remain unchanged, with anticipated growth in revenue, adjusted operating profit, and adjusted earnings per share on a constant currency basis.